*Chapter_12_-_Distribution_Channels_A2L

Flashcards covering key vocabulary and concepts related to distribution channels and logistics management from the lecture notes.

Distribution Channel

Institutions that transfer the ownership of goods and move them from the point of production to the point of consumption.

Supply Chain Management

A set of approaches and techniques to integrate suppliers, manufacturers, and logistics into a seamless value chain.

Logistics Management

The integration of activities to plan, implement, and control the efficient flow of goods from origin to point of consumption.

Channel Conflict

Occurs when channel members disagree about their goals, roles, or rewards.

Vertical Marketing System

A distribution system in which the primary members, such as manufacturers, wholesalers, and retailers, work together as a unified group.

Direct Distribution

A distribution strategy in which products are sold directly from the manufacturer to the consumer.

Indirect Distribution

A distribution strategy that involves one or more intermediaries between the manufacturer and the consumer.

Vendor-Managed Inventory

An approach where the manufacturer is responsible for maintaining the retailer's inventory levels in stores.

Just-In-Time Systems (JIT)

Inventory management systems designed to reduce lead times and increase product availability.

Cross-Docking

A distribution method where products move directly from incoming to outgoing transportation with minimal storage time.